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Investment Highlights
- 4 rental units plus 1 car garage that could possibly be converted to a 5th efficiency unit or lease as a garage for additional income
Executive Summary
Rare beachside income opportunity — just 2 blocks from the ocean! This well-performing 4-unit investment property will potentially deliver $5,600/month or more in gross rental income with an expense structure that puts more money in your pocket: all four tenants pay their own power (4 separate meters), keeping landlord overhead to approximately $350/month in water costs. A detached 1-car garage offers serious upside — convert it to a 5th efficiency unit, expand the current unit immediately next door, or lease it as-is for additional cash flow. One tenant even handles basic lawn maintenance, making this a truly low-management asset. Whether you're a seasoned investor or looking to house-hack near the beach, this property checks every box. This is an accessible deal that won't last long. Call today before it's too late! **Financials within this listing are Pro-Forma. 2 units are currently vacant. The two rear/garage units are currently leased Month-To-Month to long term tenants at below market rates of $900 and $1,050**
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,250 | - |
| 1+1 | 1 | $1,100 | - |
| 3+1 | 1 | $2,000 | - |
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5309-13-01-0090 | Total Assessment | $478,226 (2026) |
| Land Assessment | $150,012 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $328,214 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
5309-13-01-0090
Land Assessment
$150,012 (2026)
Improvements Assessment
$328,214 (2026)
Total Assessment
$478,226 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
413 Vermont Ave



